https://www.taxtmi.com/caselaws?id=71061 The Appellate Tribunal ITAT Patna allowed the appeals by the assessee, a registered firm, concerning the milling of paddy and assessment of refraction percentages. The Tribunal found the claimed refraction percentages of 5% and 4% by the assessee to be reasonable, considering the moisture content during the harvesting season. By overturning the Income-tax Officer's additions to income, the Tribunal directed a modification of the assessment, accepting the fair yield of rice shown by the assessee for the respective years. The decision highlighted the importance of justifying refraction percentages and aligning with previous Tribunal decisions in such cases. en-us Wed, 15 Jul 1981 00:00:00 +0530 Thu, 21 Apr 2011 11:38:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71061 The Appellate Tribunal ITAT Patna allowed the appeals by the assessee, a registered firm, concerning the milling of paddy and assessment of refraction percentages. The Tribunal found the claimed refraction percentages of 5% and 4% by the assessee to be reasonable, considering the moisture content during the harvesting season. By overturning the Income-tax Officer's additions to income, the Tribunal directed a modification of the assessment, accepting the fair yield of rice shown by the assessee for the respective years. The decision highlighted the importance of justifying refraction percentages and aligning with previous Tribunal decisions in such cases. Case-Laws Income Tax Wed, 15 Jul 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71061